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Defining Housing Market Areas: The Links To Labour Market Areas

Author

Listed:
  • Colin Jones
  • Mike Coombes
  • Colin Wymer

Abstract

The paper will discusses the use, logic and the theoretical issues underpinning the definitions of housing market areas (HMAs) and their relationships with labour market areas. Drawing on this understanding, the empirical research generates sets of different potential geographies of HMAs for England based on an algorithm that applies a range of criteria linked to the degree of closure of migration and commuting patterns. Based on a range of criteria/tests the different geographies are assessed. In particular standardised house prices in neighbouring HMAs are tested to assess whether they are different using hedonic multiple regressions and a Chow test to see if they generate statistically different coefficients. Finally conclusions are drawn on these relationships. The empirical work is on England and the datasets drawn from the Population Census and the Land Registry.

Suggested Citation

  • Colin Jones & Mike Coombes & Colin Wymer, 2010. "Defining Housing Market Areas: The Links To Labour Market Areas," ERES eres2010_192, European Real Estate Society (ERES).
  • Handle: RePEc:arz:wpaper:eres2010_192
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    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2010-192
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    More about this item

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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